Chapter 18: Problem 12
Why does a voting cycle make it impossible to decide on a majority-approved choice?
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Chapter 18: Problem 12
Why does a voting cycle make it impossible to decide on a majority-approved choice?
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How is it possible to bear a cost without realizing it? What are some examples of policies that affect people in ways of which they may not even be aware?
Given that rational ignorance discourages some people from becoming informed about elections, is it necessarily a good idea to encourage greater voter turnout? Why or why not?
When Microsoft was founded, the company devoted very few resources to lobbying activities. After a high-profile antitrust case against it, however, the company began to lobby heavily. Why does it make financial sense for companies to invest in lobbyists?
Say that the government is considering a ban on smoking in restaurants in Tobaccoville. There are 1 million people living there, and each would benefit by \(\$ 200\) from this smoking ban. However, there are two large tobacco companies in Tobaccoville and the ban would cost them \(\$ 5\) million each. What are the proposed policy's total costs and benefits? Do you think it will pass?
What are some possible ways to encourage voter participation and overcome rational ignorance?
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